Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the level of 0.7833. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Australian Dollar/US Dollar. Ichimoku Kinko Hyo Cloud near the level of 0.7810 is expected to test the bottom of the cloud, from which it is expected to attempt a rebound and continue growth with the target near the level of 0.7990. An additional signal in favor of growth will test the level of support.
FOREX forecast AUD/USD on February 26 — March 2, 2018
Earlier, a weak signal was received for the sell of the pair Australian Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7965. The cancellation of the growth of the quotations of the pair will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7760, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of growth and the resumption of the bullish trend for AUD/USD is with the breakdown of the upper boundary of the indicator Cloud and the close above the 0.8025 area.
